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Southern Co-Op 3 Fell Road, 3 Fell Road, Croydon

Guide Price
£575,000

£169.12 per sq ft

Business rates & charges may apply

Savills, Savills Auctions- Commercial
SIZE AVAILABLE

3,400 sq ft

316 sq m

SECTOR

Commercial property for sale

Key features

  • Retail investment within the Queen's Quarter Development in Croydon town centre
  • The property has a gross internal floor area of 3,400 sq ft (316 square metres)
  • A popular London commuter town, approximately 9.5 miles south of Central London
  • Let at £50,000 per annum which represents a gross yield of 8.69% on guide price
  • Occupied by Southern Co-Op (Jay Retail Ltd)
  • 15-year lease from January 2024

Description

The property is arranged over ground floor only. The property has a gross internal floor area of 3,400 square feet (316 square metres).Please note that the sizes given are approximate only and have been taken from plans provided from by the seller. All interested parties are advised to relyon their own inspection and survey.

London supermarket investment located in Croydon town centre. The property has a gross internal floor area of 3,400 square feet (316 square metres) and is occupied by Southern Co-Op (Jay Retail Ltd) on a 15-year lease from January 2024. The current passing rent of £50,000 per annum which is considered to be below the current market value. A sale at Guide represents a gross yield of 8.69% on guide.

The property is located within Block 3 of the new Queen's Quarter development, a thoughtfully designed neighbourhood in Croydon town centre.The development fronts onto The Queen’s Gardens, a revitalised community green space, comprising vast lawns, trees, a large children’s play area withbenches, and a sunken garden area with flower beds.Queen's Quarter also benefits from exceptional connectivity to London and beyond.

Situated just moments from East Croydon station, it is one of the busiest public transport interchanges in the UK. Regular services provide direct access into London Victoria Station (17 minutes) and London Bridge Station (13 minutes), which in turn link to the London Underground networks. Three local tram routes and several bus routes are also available adjacent to the development.

Brochures

Southern Co-Op 3 Fell Road, 3 Fell Road, Croydon

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • George Street Tram Stop0.2 miles
  • Wellesley Road Tram Stop0.3 miles
  • Church Street Tram Stop0.3 miles

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

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Disclaimer - Property reference 942DCCEB-D931-4EAD-A3B4-5DCDBD15B6CB. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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